The US’ inclusion of Taiwan in its Indo-Pacific Strategy is geared toward weakening Beijing’s influence in Southeast Asia, as well as providing a Blue Dot Network to counter China’s Belt and Road Initiative, a senior Executive Yuan member said yesterday.
Taiwan and the US would be seeking further collaboration on infrastructure construction and energy, said the source, who spoke on condition of anonymity.
The US and Taiwan signed a memorandum of understanding on the Framework to Strengthen Infrastructure, Finance and Market Cooperation on Sept. 17, which would see the Ministry of Finance and the US Department of the Treasury establishing respective task forces to facilitate collaborative projects for government and private infrastructure via investments.
The Blue Dot Network aims to promote quality infrastructure investment that is open and inclusive, transparent, economically viable, and financially, environmentally and socially sustainable, while complying with international standards, laws and regulations.
At the inaugural Taiwan-US Economic Prosperity Partnership Dialogue that concluded on Friday last week, Taiwan and the US reached several agreements, including prioritizing the development of semiconductors, making the Indo-Pacific region a focal point, and acknowledging that the New Southbound Policy and the US’ Indo-Pacific Strategy share the same goal.
Taiwan and the US are partners that would undertake financial collaboration in the development of infrastructure in the Indo-Pacific region, the source said.
Taiwan expressed its support for the principles underpinning the Blue Dot Network, the source added.
As Taiwan has established benign relations with all the regions in which the network is to operate — South Asia, Southeast Asia, the Pacific and Latin America — the US is seeking to collaborate further with Taiwan on renewable energy and local infrastructure construction, the source said.
Taiwan is stepping up plans to create self-sufficient supply chains for combat drones and increase foreign orders from the US to counter China’s numerical superiority, a defense official said on Saturday. Commenting on condition of anonymity, the official said the nation’s armed forces are in agreement with US Admiral Samuel Paparo’s assessment that Taiwan’s military must be prepared to turn the nation’s waters into a “hellscape” for the Chinese People’s Liberation Army (PLA). Paparo, the commander of the US Indo-Pacific Command, reiterated the concept during a Congressional hearing in Washington on Wednesday. He first coined the term in a security conference last
Prosecutors today declined to say who was questioned regarding alleged forgery on petitions to recall Democratic Progressive Party (DPP) legislators, after Chinese-language media earlier reported that members of the Chinese Nationalist Party (KMT) Youth League were brought in for questioning. The Ministry of Justice Investigation Bureau confirmed that two people had been questioned, but did not disclose any further information about the ongoing investigation. KMT Youth League members Lee Hsiao-liang (李孝亮) and Liu Szu-yin (劉思吟) — who are leading the effort to recall DPP caucus chief executive Rosalia Wu (吳思瑤) and Legislator Wu Pei-yi (吳沛憶) — both posted on Facebook saying: “I
The Ministry of Economic Affairs has fined Taobao NT$1.2 million (US$36,912) for advertisements that exceed its approved business scope, requiring the Chinese e-commerce platform to make corrections in the first half of this year or its license may be revoked. Lawmakers have called for stricter enforcement of Chinese e-commerce platforms and measures to prevent China from laundering its goods through Taiwan in response to US President Donald Trump’s heavy tariffs on China. The Legislative Yuan’s Finance Committee met today to discuss policies to prevent China from dumping goods in Taiwan, inviting government agencies to report. Democratic Progressive Party Legislator Kuo Kuo-wen (郭國文) said
The Ministry of Economic Affairs has fined Taobao NT$1.2 million (US$36,900) for advertisements that exceeded its approved business scope and ordered the Chinese e-commerce platform to make corrections in the first half of this year or its license would be revoked. Lawmakers have called for stricter supervision of Chinese e-commerce platforms and more stringent measures to prevent China from laundering its goods through Taiwan as US President Donald Trump’s administration cracks down on origin laundering. The legislature’s Finance Committee yesterday met to discuss policies to prevent China from dumping goods in Taiwan, inviting government agencies to report on the matter. Democratic Progressive Party
RSS